Podcast

Podcast

True Deals episode 5: How Bill Hwang lost 20 billion dollars in two days

24.3.2023

Bill Hwang was the greatest trader you've never heard of. The son of a Korean pastor, he had a picture-book career in the USA. After his studies at UCLA and an MBA at the Tepper School of Business, he began his career at Hyundai Securities in New York. He then worked at the investment company Peregrine. There he met the billionaire hedge fund manager Julian Robertson, moved to Tiger Management and earned himself a place in the prestigious Tigers Club.

In 2000, the hedge fund was closed and Robertson gave his protégé 25 million US dollars as a parting gift to set up his own fund - the birth of Tiger Asia Management. Twelve years later, Hwang and his hedge fund were sued by the US Securities and Exchange Commission for insider trading and fined 44 million US dollars.

In the second part of the episode, Christina Kleinfeld talks to Valentin Bohländer, Chief Product Officer at FINVIA, about different strategies that hedge fund managers use for their investments, hedging options for risky speculation and misconduct by financial authorities.

This podcast is produced by Podstars by OMR. It is presented by the family office FINVIA and Finance Forward.

A new episode of True Deals about the machinations of international companies, corrupt managers and spectacular deals is published every second Friday.

True Deals episode 5: How Bill Hwang lost 20 billion dollars in two days

Podcast

True Deals episode 5: How Bill Hwang lost 20 billion dollars in two days

24.3.2023

Valentin Bohländer

Episode 5 is about Bill Hwang's hedge fund, insider trading and various strategies used by hedge fund managers.

Bill Hwang was the greatest trader you've never heard of. The son of a Korean pastor, he had a picture-book career in the USA. After his studies at UCLA and an MBA at the Tepper School of Business, he began his career at Hyundai Securities in New York. He then worked at the investment company Peregrine. There he met the billionaire hedge fund manager Julian Robertson, moved to Tiger Management and earned himself a place in the prestigious Tigers Club.

In 2000, the hedge fund was closed and Robertson gave his protégé 25 million US dollars as a parting gift to set up his own fund - the birth of Tiger Asia Management. Twelve years later, Hwang and his hedge fund were sued by the US Securities and Exchange Commission for insider trading and fined 44 million US dollars.

In the second part of the episode, Christina Kleinfeld talks to Valentin Bohländer, Chief Product Officer at FINVIA, about different strategies that hedge fund managers use for their investments, hedging options for risky speculation and misconduct by financial authorities.

This podcast is produced by Podstars by OMR. It is presented by the family office FINVIA and Finance Forward.

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Find out more about FINVA, our independent services and our unique approach as a family office.

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FINVIA - Beyond Wealth

Find out more about FINVA, our independent services and our unique approach as a family office.

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FINVIA - Beyond Wealth

Find out more about FINVA, our independent services and our unique approach as a family office.

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FINVIA - Beyond Wealth

Find out more about FINVA, our independent services and our unique approach as a family office.

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FINVIA - Beyond Wealth

Find out more about FINVA, our independent services and our unique approach as a family office.

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FINVIA - Beyond Wealth

Find out more about FINVA, our independent services and our unique approach as a family office.

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About the author

Valentin Bohländer

True Deals episode 5: How Bill Hwang lost 20 billion dollars in two daysTrue Deals episode 5: How Bill Hwang lost 20 billion dollars in two days

Valentin Bohländer is one of the founders of FINVIA. As Chief Product Officer (CPO), he is responsible for the development of the digital platform.

After completing his Master's degree in finance in Cardiff, he started his career as part of the investment team at UBS Sauerborn. Here he supported the CIO division with economic analyses and the evaluation of investment managers and their strategies. He was also jointly responsible for the overall asset management of client portfolios. Together with some of the current FINVIA founders, he moved to HQ Trust GmbH, the multi-family office of the Harald Quandt family, in 2011, where he was responsible for client investments in hedge funds and played a key role in developing the digital strategy.

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